While the "good-for-you" fast food trend, led by Chipotle (NYSE:CMG), Whole Foods (WFMI) and Panera Bread (PNRA) seems like it is here to stay, Cramer would hold off on buying Panera because the stock has risen too much and it lacks dividend protection. He suggests picking up some Panera after “sharp, quick drops of misinformed selling that happen probably four or five times a year."

SLM Corp (SLM) may unload its student loan servicing business and its $145 billion government-subsidized loan portfolio. Several banks are "talking positively" about such a deal.

A blowout quarter from Jones Apparel (JNY) shows that worries about the company's raw costs have been exaggerated.